Salon Media Group Secures $800,000 in Funding

Jan 20, 2004


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Salon Media Group, Inc., has announced that during December 2003 it secured new financing totaling $800,000 from two investors: Wenner Media Inc. chairman and Rolling Stone magazine founder Jann Wenner and Salon board member and co-chairman of Adobe Systems John Warnock. Wenner will also join Salon's board of directors and it has been reported that as part of the alliance with Wenner, Salon and Rolling Stone plan to collaborate on a series of presidential election-related articles. Founded in 1995, Salon Media Group produces an Internet site, Salon.com, as well as two subscription-based online communities, The Well and Table Talk.

(http://www.salon.com)